Topic: Why 99% Alt Coin Will Fail? A Case Study - page 3. (Read 1793 times)
It's basic economics. Someone finds a way to make a profit. Then, more people come into the new market to compete for that profit. Then, the market gets saturated. Then, the strongest survive.
True. In many ways the current altcoin boom is a reflection of the dotcom boom back in 2000. A lot of inexperienced teams cashing in on the hype by raising funds without having the experience necessary to create working products. The thing to remember here though is that some of these teams will be successful even if they are inexperienced. Look at Google, Ebay and Amazon, they all survived buyout attempts from giants such as Microsoft and Yahoo at the time, and if you invested in them even during the bubble back then, you'd still have an amazing ROI today.
Crypto and altcoins are here to stay, whilst most will fail, many will succeed and change the world.
Crypto and altcoins are here to stay, whilst most will fail, many will succeed and change the world.
A very good post by OP. I believe sooner or later the correction will come, just like the old internet days. Who remember webvan now? But there are always some crypto projects like Hadron, that are working to deliver real value rather than hype, putting product in the first place rather than rushing for an ICO, they will carry on and show their value over long term.
Yes, I am sometimes worried about the decrease in the market price of Altcoins. Surely many people worry and panic, then sell their coins for fear the price will go down further.
Not 99% of ICO's are scam. They are trying to eliminate those lending program platform and creating a real use cases of coin. I'm a fan of Neo and MEW as well they are my favorite coins and willing to hold it.
Predicting a 99% altcoin fail is extreme. There is new money dumping into the cryptocurrency market daily and it has to go somewhere. Many of it will go into altcoins that are established and new ICO projects. I don't think many of the altcoins are going anywhere and new ones will be popping up daily.
such predictions are very difficult to do nowadays. indeed 99% of the projects turn into a scam, but this is more likely due to the fact that the industry is still very young itself. I imagine that over time the ratio will change to 60/40.
many newcomers of the world are trying to participate in the so-called pampa / dump with the aim of earning a sharp price movement. With a lucky coincidence of circumstances and with the possession of the necessary information. However very soon the overwhelming majority of the participants in this venture are in the categories of so-called "bagholders", i.e. pseudocoins.
Yes, many people think pump/dump group will make them money, but they don't understand, they are being used by those group admin, and end of the only those admins are making money. That's why many people complain they lose lots of money, so i would like to warn, stay away from pump/dump group.
You are right. It's very interesting analysis, I think. And it's not good for majority.
many newcomers of the world are trying to participate in the so-called pampa / dump with the aim of earning a sharp price movement. With a lucky coincidence of circumstances and with the possession of the necessary information. However very soon the overwhelming majority of the participants in this venture are in the categories of so-called "bagholders", i.e. pseudocoins.
Well, Recently I have noticed Alt coin market saturated, If you visit the Alt coin announcement or bounty, you will notice every hour, there is a new coin announcement.
So my question is, how many % of those new alt coin survive in long run? let's say 1 year? 2 years? or even 5 years?
99% of them will fail within first year. Here's why:
1. People making millions of crypto currency, we can make it, lets make a coin.
2. People have no idea, what they are getting in, and how to run a company or organization.
3. People wants easy money.
4. No reputable organization or company behind the idea.
5. Most of people under 25, wanaa be entrepreneur, without any background or knowledge.
6. Most of the alt coin start with ICO, expecting to collect millions of dollar from it, without any capital.
7. How many new alt coin company can run of 20 to 25 dev team? not many.
8. Without zero marketing idea, or how to market the coin.
9. When coin price doesn't go up in couple of months, they give up.
10. If we can list on exchanges, we will get rich!
And list goes on... Post your opinion, why 99% alt coin will fail?
The rest of 1% Alt coin will survive beyond 2020 because >
1. They have a purpose and ambition.
2. They don't go after money, rather working hard to maintain back end.
3. Strong Development team, who knows what they are doing.
4. Keeping touch with social media, updating every move and letting investors know, they are in good hand.
5. Trust factor, you have to show that public will trust you.
6. Regularly have conference, at least twice a year and update investor, what's going on.
7. A clear road map, and actually follow it.
8. Thinking long term.
9. Hire actual marketing people rather than depends on this forum only.
10. There are million of people who doesn't use Facebook, Twitter, Instagram, you have to learn how to reach them.
11. Stop depending on Social media, We all know 70% people use social media is under 25 and they are student. They are not investor.
12. Try to connect your coin with any company, or organization, no matter how small it is.
13. Go slow, don't worry about your price, worry about your project and stability.
14. Hire online entrepreneur or even a YouTube star, if your audience is young and target market under 25.
I can go on and on but these are my opinion to be a successful in this field.
So my question is, how many % of those new alt coin survive in long run? let's say 1 year? 2 years? or even 5 years?
99% of them will fail within first year. Here's why:
1. People making millions of crypto currency, we can make it, lets make a coin.
2. People have no idea, what they are getting in, and how to run a company or organization.
3. People wants easy money.
4. No reputable organization or company behind the idea.
5. Most of people under 25, wanaa be entrepreneur, without any background or knowledge.
6. Most of the alt coin start with ICO, expecting to collect millions of dollar from it, without any capital.
7. How many new alt coin company can run of 20 to 25 dev team? not many.
8. Without zero marketing idea, or how to market the coin.
9. When coin price doesn't go up in couple of months, they give up.
10. If we can list on exchanges, we will get rich!
And list goes on... Post your opinion, why 99% alt coin will fail?
The rest of 1% Alt coin will survive beyond 2020 because >
1. They have a purpose and ambition.
2. They don't go after money, rather working hard to maintain back end.
3. Strong Development team, who knows what they are doing.
4. Keeping touch with social media, updating every move and letting investors know, they are in good hand.
5. Trust factor, you have to show that public will trust you.
6. Regularly have conference, at least twice a year and update investor, what's going on.
7. A clear road map, and actually follow it.
8. Thinking long term.
9. Hire actual marketing people rather than depends on this forum only.
10. There are million of people who doesn't use Facebook, Twitter, Instagram, you have to learn how to reach them.
11. Stop depending on Social media, We all know 70% people use social media is under 25 and they are student. They are not investor.
12. Try to connect your coin with any company, or organization, no matter how small it is.
13. Go slow, don't worry about your price, worry about your project and stability.
14. Hire online entrepreneur or even a YouTube star, if your audience is young and target market under 25.
I can go on and on but these are my opinion to be a successful in this field.
honestly this is just a bitcoin holder interest driven analysis, you can stick it in to you analysis
bitcoin is going to be attacked in many different way, for good reasons.
If the company has been operating for a long time, it has a product that brings profit to it and the company wants to conduct an ICO for the further development of its product, this is exactly the key to success. This is an ideal case, but it is necessary to strive for this.
Very often, the coin fails because the project did not have a good idea. A good idea is very important. Also of great importance is the previous experience of the team.
It seems to me that these are not the main indicators of the success of a project in the future. The most important thing is honesty of team and developers to bring their project to the end. Alas, many get big money and after they stop working on the project and deceive investors' expectations Well i don't agree with 99% because i've seen 2 out of 10 alt coins are perfectly alive and still doing progressive development. The reason why others fail is because they only care on the money they can get and once they got the money already the development of the project becomes slow until people react on the progress then dev will run with the money, i've seen that happen most of the time on alt coins that i thought will going to become success but still money blinds everyone.
Same here, 99% is too high percentage. Though I agree with his reasons being cited here but as long as the project has a good dev team and having a good product that earn profit, I think its a good project. But I want also this ICO to have a body that regulate it that protects the investors.The conclusion is there are many greedy "developers" who see an ICO as an opportunity to just make some money, not to run a serious business or developing an inovation.
They set the token price beyond the actual value of the token.
You'll be surprised how long some alts can last...
Basically as long as they are still on an exchange, someone will come along and pump them. And as long as these pumps happen and the exchange sees volume for the coin, the exchanges will continue to list the coin.
Even if the coin is completely pointless.
Basically as long as they are still on an exchange, someone will come along and pump them. And as long as these pumps happen and the exchange sees volume for the coin, the exchanges will continue to list the coin.
Even if the coin is completely pointless.
Pretty solid analysis, am also amazed at how many companies manage to get so much investment in their coin offering without having something along side of it, i guess like you say, with so many coin giveaways popping up, people will begin to spot which ones are likely to be legit
Very often, the coin fails because the project did not have a good idea. A good idea is very important. Also of great importance is the previous experience of the team.
Yes, I agree with your opinion. 99% projects are just because short term money
Thank you guys, I have never seen such a detailed explanation of a question 
The point I like most from the post, is that they know not how to run a company, most of these guys think because they can write a code, which is very important they think they can run it with the business side of it, they will learn this the hard way
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